So you assume that in the world where prices dont go up there are still ppl who want to risk and innovate. Who will try to fine products ppl want to spend money even though ppl stick to hoarding
This way those products must be of top quality (cancer cure) or essential (bread)
I really hope for that. But doubt a lot because our human nature is lazy and stupid usually. And I’m not really sure we are 100% ready for that
It's feeling like you have no control over your life and no hope of making things better that make people stupid and lazy. Quite to the contrary, the one thing you don't have to do at all is force people to innovate or risk. Its base human nature. We have a deep, innate need to go do something and be a part of something.
And you are still missing the most important and inescapable causality:
IF people don't innovate and produce, then the money doesn't increase in value.
Remember the money is NOTHING. Its just a record keeping system that track who contributed what into the economic pool. There is zero world where everyone does nothing and hoards money and we all get infinitely rich or have all things provided for us. The *money* does exactly zero part of the job of making wealth. The wealth is all the stuff and all the production. Money merely acts as a positive feedback tool for distributing that wealth (only when it isn't cheated, of course).
You cannot get wealthy hoarding and doing nothing. The only wealth in the world is genuine knowledge, genuine production, and genuine innovation. Money doesn't just magically grow in value. It grows because *the real wealth grows,* and the money simply reflects that.
Few understand this.
Money doesn’t grow on trees.
Fruit does.
Men pick the fruit.
Consume it for energy.
Sell it for profit.
Hoard it for the future.
Bookmarked!
No...
Human nature is to be doing something, creating & belonging to something that will give them meaning.
I'm the best example of it.
I've made life-changing BTC in the last couple of years & decided to "retire". I'm 30 y.o.
After my "retirement", I couldn't stand still. I decided to start BJJ, then got into esoterics, shamanism, and many other things... Just exploring my curiosities.
Now that 2 years have passed and I've tried and done all the things I wanted to do during my "retirement"...
I realize that I just want to create, do something cool, improve... And belong to a group of people who are doing the same with high set of values.
So no... Human nature is not to be lazy. It can be for some time... Until that "worm" inside you eats you apart and you want to act.
>>> You cannot get wealthy hoarding and doing nothing.
But thats what many of modern bitcoiners want to believe in — “buy and hodl”
The reason Bitcoin’s returns are outsized is because it’s *being monetized.*
But none of that changes that this cannot happen to the economy as a whole.
Imagine:
If there are only 10 people in the economy all using sound money, but they all just “hoard” the money they have, they do nothing, they eat and consume nothing (because you can’t keep your savings by earning nothing and still consuming stuff), & they just wait, then no one’s money will ever grow in purchasing power (it will actually fall). Because the amount of stuff and production they can buy is essentially nothing… since no one is making anything.
Now if among those same 10 people they are all working and producing more than they are consuming (they are *continuously* saving), then they are all adding more into the economy than they are taking out (that’s literally what savings means). Meaning the economy is growing in capital goods and consumer goods consistently. In this case, whatever they save *does* go up in purchasing power, because the amount of things available to buy is going up.
The latter is what saving money really means. The former (that everyone will hoard money and get rich at once) is just an impossible fairy tale that the political class has drilled into everyone’s heads but has no basis in reality.
So no, we cannot, collectively as a society, have everyone do nothing, earn nothing, and produce nothing, while money increases in purchasing power, these are axiomatically mutually exclusive.
In other words “buy and hodl” isn’t a statement to “do nothing.”
It’s literally a statement to **run a surplus always.**
We have to get out of the fiat mindset when it comes to savings and debt:
• Savings simply means producing more than you destroy/consume.
• Debt simply means you consumed/destroyed more than you created.
One of these grows society on net, the other destroys society on net. It’s literally that simple.
